SAN DIEGO — Qualcomm wrapped up its acquisition of Veoneer's advanced driver assistance/self driving vehicle software arm on Monday, highlighting the San Diego company's bid to become a key technology supplier to automakers as it diversifies beyond smartphones.
Financial details regarding the complex transaction were not available. Qualcomm plans to discuss the terms during its quarterly earnings conference call later this month.
But the acquisition of Veoneer's Arriver software division positions Qualcomm to compete head-to-head against industry leader Mobileye in the camera-based autonomous driving and vehicle safety technologies market.
